If you’re considering buying a new construction home in the Minneapolis MN area, it’s important to find the right builder to do the job. No matter what kind of home you’d like to get, you simply need to make sure you’re hiring a builder with knowledge, experience, and an overall good reputation. There are a few different things you can do to make sure you’re hiring the right new construction home builder to help you with building a home that is perfect for you and your family.
Choose How Involved You’d Like to Be
Before you even begin your search for a reputable builder, you’ll need to decide on your own involvement. Do you have a clear vision of what you want, or at least a lot of ideas you’d like to discuss with the builder, or would you rather leave it up to the professional to give you some choices and handle it all for you? While some people want to have a lot of involvement in the building process, other people prefer to leave the work up to an experience professional who can handle the decisions on the details.
You can choose to work with the builder from the very foundation or simply review their existing floor plans and models that they have already designed. If you like a specific design, the builder will get a better idea of what you’re looking for and specifically prefer in a home. Aside from the design, you’ll need to figure out what types of materials you want the builder to use.
Thankfully, at Tollberg Homes, we offer multiple floor plans within the Tollberg Homes division, and more custom home builder options through our Encore by Tollberg Homes division.
Do Your Research
Take some extra time to do more research to get more familiar with the home building process and the different styles of homes that may be built by different professionals. You can get a lot of ideas by viewing images on Pinterest or Home Builder Online. Along with doing some of your own research, you’ll need to meet with the builder to talk about the process and all the different steps that must be followed.
Deciding on a Floor Plan
Some people have preferences in mind already when it comes to the floor plans for their homes, but don’t have the time or desire to choose every little detail. In that case, there are builders with lots of floor plans to choose from, so it’s good to get a look at standard plans as well as more complex options that you may personally prefer. The best home builders have consultants on staff to help you determine which floor plan will best suit your lifestyle, while still giving you a limited number of options so you can still choose your styles and colors you want, but aren’t overwhelmed with having too many choices.
Understanding the Option of Spec Homes
Did you know some builders offering spec homes? These particular homes may be somewhat complete but just need to have a bit more work done to them. Spec homes are convenient because they’re readily available and that means you’d be able to move in at a faster pace instead of waiting several months or even years before moving in.
Getting Important Information About the Builder
It’s important to feel comfortable with the builder as you start the process, and it’s a great idea to have an in-person meeting for them to understand your needs. In this “interview” interview process, you’ll also ask specific questions to find out more about the kind of work these different builders would be able to do for you. You might even want to take a look at the builder’s portfolio to see some of the work he or she has completed over the past several years.
You’ll likely want to read online reviews and testimonials, or even contact customers who’ve had homes built by the builder. You could ask them about their experiences to see what they liked and didn’t like about the builder. If multiple people have had great experiences with a builder, you’ll likely have a good experience with that specific individual if you were to hire them. The goal is to check if those people like the homes that were built for them because you want to make sure you’re going to like the home that gets built for you and your family.
Check Out the Quality of the Homes
If you’re going to pass by some of the homes built by a builder, make sure you’re getting a good look. You want to see what types of materials were used and you want to view the quality of the work to make sure it’s up to your standards. You don’t want to hire a builder who skimps out on quality and doesn’t put all of his or her effort into the building process. After all, this is a property you may be planning to live in for many years to come and it’s for that reason you’ve got to make sure the right person is building it for you.
And for that reason, don’t ever feel shy in asking a lot of questions. What may seem trivial or not that big of a deal may yield an important answer.
Choose The Best Home Builder
Here at Tollberg Homes, we’re admittedly biased when it comes to Minnesota new construction home building. We’ve been building homes for nearly 20 years and have a lot of experience in helping Twin Cities families find their new home, and we always have your best interest in mind.
Not only do we build fantastic homes designed with close to two dozen floor plans as our guide in Tollberg Homes, but we also provide custom home building in the Minneapolis metro with our high-end custom home division, Encore by Tollberg Homes.
With both of our new home construction divisions, you’re sure to find the home of your dreams that’s “just right” for you and your family. Come and meet with us, and let’s explore your home building ideas and make them a reality.
Schedule your call with Tollberg Homes today at (763) 205-2037.
No matter how long you’ve had your home, it’s likely your most valuable asset and makes up the largest part of your monthly budget. Because of this, it’s important to make sure that you’re protected financially if something happens to it. To help you understand what you need to know about homeowners insurance, we’ve put this post together as a simple guide.
What is Homeowners Insurance?
Put simply, homeowners insurance is designed to cover damages that may occur to your home as a result of risks such as natural disasters and theft. In most cases, all of your belongings are also covered by homeowners insurance as well as other structures on your property such as garages or sheds.
What Does Homeowners Insurance Cover?
How much is covered by your homeowners insurance policy depends on what level of insurance you have. For most people, natural disasters such as windstorms, lightning, and excessive weight of snow or ice are all covered. Theft, random vandalism, and damage from rioting are also typically covered.
Something else that homeowners insurance covers is known as personal liability. This refers to your legal responsibility to cover damages if someone is injured on your property, whether by accident or by someone in your family.
For the vast majority of homeowners, there’s no need to worry because nearly everything that could happen to your home is covered, including damage from aircraft. However, there are some things that are not typically covered by homeowners insurance which could cost you if you find yourself facing one of those situations.
What Does Homeowners Insurance NOT Cover?
Because the damage from tornadoes, floods and earthquakes are typically devastating, these are not covered in standard homeowners insurance, though they can often be added onto a policy for an additional cost if you live in an area that is prone to these disasters.
In most cases, things like neglect and intentional damage by the homeowner are also not covered by homeowners insurance. Another cost that is often not covered is changes of ordinances or laws, so if you find yourself with outdated wiring because the law has changed, that’s a cost you’ll need to cover yourself to update it.
How Does Homeowners Insurance Help in the Event of Loss?
If you are unfortunate enough to experience a loss by something that is covered by your homeowners insurance, then you’ll start by filing a claim. From there, how much you get will be determined by whether you have “actual cash value” or “replacement coverage.”
Actual cash value will provide you with money based on the current value of your home and possessions. That means if you paid $1000 for a computer 10 years ago that is now valued at $200, you’ll get $200 for the computer.
Replacement coverage, on the other hand, will provide you with the amount of money that you actually need to replace the item that was lost. So, for that same computer that you bought for $1000, replacement coverage would give you $1000 to buy a brand new computer.
Although replacement coverage is obviously the better option in terms of what you get out of it, it’s also more expensive on a yearly basis which is why people choose to go with actual cash value coverage.
Hopefully this provides you with some basic information so you know what questions to ask when you’re looking for homeowners insurance. Of course, if you choose to purchase a home through Tollberg Homes, you’ll have a solidly built home in pristine condition and all build parameters up to current code.
Questions? Feel free to call Tollberg Homes at (763) 205-2037, or better yet, schedule a consultation to view our new home plans and own a home of your very own!
Did you know that new homes can have warranty options? When you buy a new home, you want to make sure that everything is solid and in working order when you move in. Not all home builders offer any type of warranty, but at Tollberg Homes, we offer several options for warranty coverage.
Of course, we take great care during the lot selection and home building process to make sure that the foundation is solid. But in the event that something goes awry with the buildout, know that there are warranty options that your Tollberg Homes representative can share with you.
At Tollberg Homes, we stand behind our new home construction with several home warranty options. The primary items covered can be found on our website here: https://www.tollberghomes.com/warranty.html
Beyond the home build, many homeowners like to put a warranty on appliances and systems in the home, so having a home warranty is a great way that you can protect yourself financially against having to pay for repairs if any of these should fail you. Since new appliances and equipment usually come with warranties from the manufacturer, it’s not usually worth it to get a home warranty if most of your appliances are newer.
Here are some things that you need to know about home warranties:
For most home warranties, the annual premium is between $500 and $1000, so if you don’t think that you’re going to regularly need repairs on your appliances, it may not be worth it for you, and you may do better hiring someone on your own when problems do arise. That said, if you’re okay with $25-40 per month, many home warranty companies will allow monthly premium payments.
Deductibles or “co-pays” for repairs done under a home warranty are generally between $50 and $100. When choosing whether or not to get a home warranty, you will have to be sure that your appliances are worth enough that this will be worth it.
Many home warranties will not only cover the repair of an appliance or system, but will also completely replace it if it’s not worth fixing. This is where having a home warranty for big house systems like heating and cooling can be a huge advantage as these replacements are often extremely costly.
One of the biggest advantages of having a home warranty is that you don’t have to go shopping for someone to fix or replace your broken appliance. Instead, the insurance company will send someone out as soon as you’ve paid the deductible, so it’s a lot easier on you.
Another advantage of putting your home under warranty is that if you are selling your home, this adds a lot of value to it since everything in the home is protected financially. Many buyers see home warranties as a huge selling point.
Here are some more things to keep in mind when looking for a home appliance warranty company:
Every company is different, so be sure to evaluate your needs before you start looking around. Many companies do not cover pre-existing damage on appliances or systems from normal wear and tear or from a lack of proper maintenance. If you need these covered, then be sure to look for a company that will allow you to cover these appliances with pre-existing wear and tear.
Always look at company reviews before you get too far. Reviews from real users can help you see how quickly the company handles claims and how often claims are denied. Be sure to always take reviews with a grain of salt because people are more likely to post one when they’re unhappy so satisfied customers may not be well-represented, but these will still give you some insight into how they work.
Another thing to look for in reviews is how often the insurance company is willing to replace a damaged appliance. Some will continue doing repairs even when it’s become clear that the appliance needs to be replaced. If you can find out in advance that a company does replace the appliance or system when necessary, that fact alone should make your decision process much easier.
Feel free to contact us at Tollberg Homes to discuss our new home construction warranty options, as well as appliance warranties to consider.
When it comes to buying a newly-built home compared to buying a used one, there's a lot of information out there, but with a lot of information comes a lot of myths that simply aren’t true. We want to encourage you to consider the truth about new homes and to not be so afraid of buying new. The truth is, it can be much more beneficial in many cases.
Myth #1: “New Homes Aren’t Customizable.”
Many people believe that because new homes are often built in bulk using the same floorplans, it’s impossible to customize them to be the way you want them. However, this couldn’t be further from the truth! If you are considering buying a new home, as long as it hasn’t been built yet, it’s typically very easy to ask for modifications in the plans to fit your needs. In most cases, sellers and builders are very willing to work with you to give you your dream home. In fact, at Tollberg Homes, not only do we have over a dozen different floor plans, but each of them are customizable in several ways.
Myth #2: “It’s More Expensive to Buy New.”
This depends entirely on the size of the home you want. Because new homes can be customized, you can have them built to fit your budget. With an existing home, on the other hand, you can’t simply eliminate a bedroom so that you can afford it. For this reason, buying new can often be more affordable. In the long run, buying new is almost always the best way to save money since new homes are built to be energy-efficient which saves you money on utility bills every month right from the start.
Myth #3: “You Can’t Find a New Home in a Convenient Location.”
This myth couldn’t be farther from the truth! While it is true that many new homes are built outside of the city, there are many new home communities that are within easy reach of city limits and a short distance from anything that you could need. Plus, many times, stores, restaurants, and other amenities often are built around new home communities, making everything incredibly convenient for you and your family.
Myth #4: “Buying New is Bad for the Environment.”
As mentioned before, new homes are often significantly more energy-efficient than older homes, so although the initial build may have environmental impact (as anything new does), for the rest of the life of that home, it will use up to 65% less energy than homes built even just ten years ago. Many new homes are also now being built with recycled homes, meaning that the building process will actually have a positive impact on the environment.
Myth #5: “New Homes Lack Character.”
If you define “character” as creaks in the floor or stairs and occasional leaks in the ceiling or basement, then this would be true. However, since new homes are completely customizable in everything from the floor plan to the interior paint colors and exterior siding, you can give your new home whatever character that you want it to have. It will stand out in its community and completely fit your personality and lifestyle, which we think gives it way more character than an older home.
Hopefully after reading through these common myths you’ll have a better understanding of why buying a newly-built home may be a good idea for you, and certainly isn’t as bad as some people believe. We encourage you to explore our new home construction communities in the Minneapolis, MN area, as well as Minot and Bismarck, ND. Give Tollberg Homes a call today and see how a new home could be the best choice for you!
Home Financing 101
When it comes to buying your first (or next) home, there are a lot of things that you need to know before you even start looking at homes. In this post, we’re going to help give you some of the basic information that you need to know about home financing, so you can be prepared to tackle each step in the home-buying process as it comes.
As custom home builders in Minneapolis and North Dakota, we know how important it is to feel comfortable with all steps of the home buying process.
Home Financing Terms
Here are a few home financing terms that you’ll encounter along the way that are important to know.
Pre-approval – This is something you get through the bank that lets you know exactly how much the bank is willing to lend you for your home, so you can keep that price range in mind while searching.
Principal – This is the amount that the lender gives you for your loan, that you will have to pay down over the course of the loan, usually 30 years.
Interest rates – This is the percentage of the loan that you have to pay to the bank. Your interest rate will depend on your credit score, which bank you go through, and when you apply for the loan. Interest rates will change over the years, so you can sometimes re-finance your home later to get a better rate for the rest of your loan.
Points – These are the fees that you will have to pay to the bank when the loan is closed. They’re based on the total amount of the loan and will vary from lender to lender, so be sure to ask about these before you begin. Some banks will offer a “no point” loan, but these often have higher interest rates.
GSE – Government Sponsored Enterprises. The most common of these private companies that are backed by the US government are Fannie Mae and Freddie Mac. You will likely be using one of these as your lender when buying a home.
Mortgage Bankers and Pre-Approval of Loans
Find a mortgage banker that you’re comfortable with, and then sit down with them and let them know what your budget is and find out what your best options are. They can also help you get pre-qualified for a loan. Getting pre-qualified will help give you an edge when putting in offers on homes because there’s less risk to the seller.
Extra Costs to Be Prepared For
There are quite a few costs involved with owning a home that many first-time homebuyers are not prepared for. These include the principal and interest of the loan, property taxes, home insurance, and sometimes homeowner’s association fees. Be sure to calculate the cost of each of these when planning your homebuying budget to make sure you can afford your new home.
Property taxes are paid to the government every year and based on the value of your property. You can get home insurance through a number of different companies, and the cost will vary greatly depending on where you live, what company you go through, and the type of insurance you have. Homeowner’s association fees only apply to certain people who are part of a homeowner’s association.
Once you understand the basics of home financing, you can begin to look for a mortgage banker to begin the process of buying your first home!
Feel free to contact us here at Tollberg Homes for any questions about any of the common terms or the Minneapolis home building process.
Exciting news from Tollberg Homes! We are pleased to announce that Tollberg Homes is one of the BATC Top 25 Builders for 2016! The Top 25 is based upon gross revenue out of more than 350 participating builders in the Twin Cities. All the more impressive when you realize 7 of the top 25 are publicly owned or national companies. This is a result of years of “smart growth” and the dedicated work of our staff and partners. A big thank you to all of our homeowners too as it’s your trust in Tollberg Homes that allowed us to earn this achievement. Click below for a link to the full list.
Congratulations to the Saxton Family and the Spadgenski Family on the closing of their Tollberg
Homes last week!!
Both homes are located in Bismarck, ND so unfortunately we do not have any final pictures of either
home. However, The Saxton Family customized our Triton plan and the Spadgenski Family purchased
our Pandora 50 Model. You can find sample pictures of these floor plans online at
http://www.tollberghomes.com or https://www.facebook.com/Tollberg-Homes-376827862328833/
To build your own custom home please contact us today.
If you haven’t seen our Pandora Bonus Model yet, you should!
You will fall in love with this new construction home, with all 4 bedrooms on the upper level and convenient access to laundry also on the upper level. (no more hauling laundry baskets up and down the stairs!)
The master bedroom features a private master bath w/ dual vanity sinks, a separate soaker tub and walk in shower. Not to mention the HUGE walk-in closet!!
Why do we call this the Pandora Bonus? Well, that’s easy. There is a BONUS room on the upper level that measures 17×13 and can be great entertainment room! You definitely will love this open layout with a beautiful custom kitchen, cozy gas fireplace and private study! This is a must see during the 2017 Spring Parade of Homes and we can’t wait to show it off!! The 2017 Spring Parade of Homes starts Saturday, March 4th through Sunday, April 2nd. You can find more information online at http://www.paradeofhomes.org/ or pick up your guidebook at any participating Holiday Gas Station.